In 2016, Bloomberg Made A Wild Prediction Regarding EVs For 2023. We’re Here To…

The year is 2016. The Tesla Model 3 is still firmly in production hell and won’t be able to ramp up production for two more years. Volkswagen is announcing its MEB platform and high hopes are being placed on the ID lineup. BYD is just entering its new phase of development, and still relies on heavy, slow, ugly, yet sturdy and reliable EVs such as the BYD 5 and BYD 6. EV sales worldwide are still minuscule: a fraction of a fraction. And yet, in February of that year, Bloomberg published an EV prediction that blew many minds … including mine. It predicted oil markets crashing because of EVs as early as 2023. Well, we’re ending 2023…